Dubai - Mubasher: Arabtec Holding on Monday said its wholly owned subsidiary Target Engineering Construction Company has been awarded an additional AED 315 million contract by Tecnicas Reunidas to implement the construction works for ADNOC Onshore’s Bu-Hasa Integrated Field Development Project.

This brings the total contract value to AED 836 million, the leading contractor added in a press release.

In November 2018, Target Engineering won an AED 521 million contract, which includes mechanical and electrical construction works for the Bu-Hasa Integrated Field Development Project.

“Target’s scope is the general construction and expansion of the existing Bu Hasa oil pad hubs, the gas lift phase II and the produced water re-injection phase I and II,” Arabtec highlighted.

The company added that the project would boost and sustain the Bu Hasa production plateau output to 650,000 barrels per day by October 2021.

Moreover, the contract works will commence in June 2019 for a 28-month period, the company noted.

Peter Pollard, acting group CEO, said: “We are pleased that Tecnicas Reunidas has awarded Target the extended works for the ADNOC Onshore project, which reflects our solid relationships across the markets in which we operate.”

“We continue to strengthen our industrial infrastructure portfolio, supporting our strategic priority to diversify our backlog. More than 50% of our current backlog is spread across social, economic and industrial infrastructure and we will continue to build on our competencies to onboard similar projects in our core geographies,” Pollard added.